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memory lane for the new u.s. secretary of state on a visit to germany. >> and a step closer to bundesliga. berlin get an important win. and that italy faces political deadlock after the country's national elections produced no clear winner. no single party was able to secure a majority in both houses of parliament. >> the center-left candidate is claiming a narrow victory, but it is not enough for him to build a government. >> former prime minister silvio berlusconi came in a close second. coalition talks are under way, but many italians are unsure they will produce a stable government. >> italian voters have elected new representatives, but where does that leave the country? newspaper headlines are skating. one reads -- the only winner is ungovernability. there's already talk of free elections. >> i do not know what to say. i think we voters are being taken for a ride. >> i have no idea what will happen now. they will reach some kind of decision. everything is in the hands of four or five people again. they just do what they want. >> italy's political landscape is in turmoil. the central
a decade, the u.s. military establishment has treated cyberspace as a domain of conflict, where it would need the capability to fend off attack or launch its own. that time is here, because someone sabotaged a top secret nuclear installation in iran with nothing more than a long string of computer code. >> we have entered into a new phase of conflict in which we use a cyberweapon to create physical destruction. [ticking] >> viktor bout, in my eyes, is one of the most dangerous men on the face of the earth. >> on the face of the earth? >> without a doubt. >> which is why the u.s. government launched an elaborate international sting to nab viktor bout. what makes bout so dangerous? and how did d.e.a. agents eventually grab him? the answers in our story later. [ticking] this is what espionage looks like. the man driving the car is gregg bergersen. he's a civilian analyst at the pentagon with one of the nation's highest security clearances. his companion is tai shen kuo, a spy for the people's republic of china. bergersen knew a secret that the chinese desperately wanted to know, and neither
." agreement from the u.s. department of education's ready to learn grant, and viewers like you, thank you. mmy, bat, nuggets and all your favorite animated characters are auditioning, and you're the judge. so plug into pbskidsgo.org and play to decide who has what it takes. wait, wait, jess, don't leave. i'll help you out here. pull! (glass breaking) cut! captioning sponsored by wpbt >> this is n.b.r. >> susie: good evening everyone. i'm susie gharib. worries about political gridlock, in italy and in washington, cause investors to dump stocks. it's the worst day for wall street since the november elections. >> tom: i'm tom hudson. with $85 billion in federal spending cuts just days away, we talk with congresswoman cathy mcmorris rodgers. >> susie: and the man who founded barnes and noble wants to buy his bookstores back, but he has no interest in the company's electronic book reader b&n's nook business. >> tom: that and more tonight on "n.b.r."! >> susie: a sharp sell off on wall street today, as stocks suffered their biggest drop since november. italian and american politics put investors in
involving tourists in egypt. >>> also new this morning, the u.s. supreme court takes up the question of dn actual sam peopling to help involve crimes. the justices will hear arguments from maryland officials who want police to be allowed to take dna samples from people who have been arrested but not convicted. twenty-eight states and the federal government already do this type of sampling. privacy advocates claim this is unconstitutional. the justices will make a final decision in the case later this year. >>> also in this morning's top stories, hundreds of concerned parents and residents in prince george's county are coming together calling for an end to violence they say is killing their children. a meeting was hosted by radio one last night calling it a state of emergency. it comes after six prince george's county school students have been murdered since the beginning of the school year. community leaders say they are ready to work with parents to create a safer environment. >>> we've got a quick school closing to tell you about. it is in garrett county, maryland where the schools are c
by groups opposed to economic reform, on top of that, u.s. equities face a looming friday deadline for massive government budget cuts, known as "sequestration." the dow tumbled 216 points, the nasdaq fell nearly 46, and the s&p 500 lost 28 points. while there's been much talk of a correction in the stock market, sequestration may not be the catalyst. suzanne pratt reports. >> reporter: it is widely accepted on wall street that sequestration is coming. and, with it a new reason for the fragile u.s. economy to sputter. but, what will the first phase of billions of dollars in federal spending cuts actually do to the u.s. stock market? after all, major market averages are hovering close to all-time highs, and don't forget investors are finally warming up to equities again. floor broker art cashin says today's selling was mostly a reaction to italy's election, and that the stock market is not yet focused on sequestration. >> i don't think that even we slip into sequestration it will have the same dramatic effect that the fiscal cliff and the debt ceiling had. it is seen as somewhat temp
a majority of the u.s. senate has voted to confirm chuck hagel to be the next secretary of defense. the standoff over one of president obama's most contention nominations came to an end when senators put the nomination up for a full vote. republicans held up the vote in part because of their demands for more answers related to the attack on the u.s. consulate in benghazi. he will replace leon panetta. >> you heard about the debate over cell phones and whether they could cause cancer. you probably haven't heard about the steps a growing number of people that are worried about it are taking right now. kristin fisher is going to take us to a remote town in west virginia to meet some of those wireless refugees. >> eventually, seeing people using cellular phones may seem as common place as someone checking time on a watch. >> when cell phones first hit the u.s. market in the mid 80s, there were a few thousand subscribers. today, there are more cell phones than there are people. 322million. on top of that, 20 million americans now use wireless enabled laptops, tablets, modems, and tha
have from them, that video. >> reporter: the u.s. embassy of peru has told them the pair may have then boarded a boat. >> the embase embassy believes they got on the boat for an a . amazon cruise. >> reporter: the family has set up a war room where they're mapping out all they know. >> probably the biggest thing we have access to garrett's bank records and starting january 25th all of his banking ceased. no more withdrawals. there's nothing. there is absolutely no activity. >> reporter: what has the family especially worried, warnings that kidnappers may be targeting american tourists in the peru region. friends and family are pleading for help. >> i want my son to know that i love him, that we all love him. we want them to come home safe and sound. >> when your child is missing it's really, really tough. and we need your help. >> reporter: the family tells me they're getting daily updates from the embassy in peru. they are certainly hoping that those images will lead to the couple. meanwhile, the folks here at the peddler bike shop are asking for the safe return of jamie neal an
's not much disagreement about the need. i've never met a democrat or a republican u.s. been a governor who does not think the american people should have a sense that hard work will be rewarded. the work party have an opportunity. i do not know of any men and women that are a better living example of that and all be sitting in front of me. we all use the phrase move forward in a balanced way. one man's balance is another man's imbalance. that is what we have got to talk about. the one thing i do not think any of the lack is a vision about how great this country can be. we ought to be able to reassert ourselves in a way that we own the 21st century. i know the guy i am about to introduce believes that but you do. let me introduce you to my friend, barack obama.[applause] [applause] >> thank you. have a seat. thank you. welcome. thank you for being here. we all have a lot on our plate. everything from our immigration system to our education system. as joe said, our goal is to make sure that we can be an effective partner with you. i want to thank the members of my cabinet who are here and me
against u.s. special operations forces that prompted afghan president karzai to order the removal from wardak province. afghan officials said they have received complaints for the past three months that u.s. forces have arrested nine people who have since disappeared. one afghan villagers said her son was taken away and later found dead. >> my son was taken in his body was dropped under a bridge in the river. one of his fingers was cut off. he was beaten very badly. his body was stolen from torture and his throat was slit. why is the government not listening to our voices? why are they not stopping americans from doing such things? while i wanted to stand to talk with the americans, they pulled me back and hit me in the chest with the but of a gun. i still feel pain here since i have been beaten. you can still see the marks on my chest. >> the afghan government is expected to form a commission of inquiry with the u.s.-led nato occupation force to investigate the allegations. on monday, a nato spokesperson said no evidence of wrongdoing has emerged so far. >> between all allegations of
as somewhat temporary. >> reporter: others say stocks can weather another political deadline dominating u.s. headlines, as long as lawmakers reach an agreement soon. >> they are expecting that dip into sequestration to be fairly short-lived and there to be a compromise worked out sometime before the ongoing resolution on march 27. so, there is room for disappointment if we don't get that silver bullet. >> reporter: still, stocks are vulnerable to myriad other headwinds too, the most notable is the end of a surprisingly good earnings season, and a muddled outlook for corporate profits in 2013. >> we've seen first quarter earnings growth expectations shrink to just a little over 0% from expectations of 3% or 4%. so, it's almost as if for every percentage point companies were beating fourth quarter numbers analysts were cutting the first quarter numbers by a similar amount. >> reporter: so even if sequestration doesn't kill the stock market rally. it could certainly amplify a correction that may have already gotten started. suzanne pratt, "n.b.r.," new york. >> tom: as suzanne mentioned, we're
sharply lower after a strong rally on monday. the drop follows a slump in u.s. markets. the yen strength has been a drag on a wide range of issues. they are concerned about whether italy can consider its final reforms. the nikkei average is down 1.75%. the dollar was at a one month low and not a one month high. let's take a look at other markets in the asia pacific. south korea's kospi down a thirthird of a percent. let's see what's going in australia. it's down to 5,018. we'll see where other markets take us as they open in next hour. japan's prime minister abe has made his choice for the new bank of japan leader. looks like many leaders of the oppotion party of japan wi goalong with it. kuroda is the chief of the asian development bank. abe is planning to present his nominees to the diet for approval by the end of this week. the government needs support from opposition parties. some members have expressed concerns. they say signing off on his appointment could be construed as approving the there isn't much doubt about his ability. some say there's not much mileage in continuing its opp
biggest on record. >>> u.s. president barack obama has renewed his call on congress to avoid automatic spending cuts to scheduled on march 1st. >> these cuts do not have to happen. congress can turn them off any time with just a little bit of compromise. >> obama urged lawmakers to agree on a provisional measure that combines tax increases mainly on the wealthy and some reductions in government expenditures. but the negotiations between republicans and democrats have made little progress. republicans have rejected the president's call. >> listen, the president says we have to have another tax increase in order to avoid the sequester. well, mr. president, you got your tax increase. it's time to cut spending here in washington. >> the white house warns the automatic spending cuts could curtail activities of u.s. troops deployed worldwide, cause >>> congress reached a compromise two months ago to avert the fiscal cliff crisis. a japan based free phone and messaging service is teaming up with finland's mobile phone maker nokia. they're trying to expand into emerging markets. nokia's no low
stores. folks in the u.s. starting to ask whether horsemeat could be in other foods found at stores where they shop we. have some answers. ♪ ♪ ♪ we're lucky, it's not every day you find a companion as loyal as a subaru. love. it's what makes a subaru, a subaru. there's no subtext... just tacos. yeah, it's our job to make you want it. but honestly... it's not that hard. old el paso. when you gotta have mexican. jon: some international stories we are watching right now. a massive blast outside the syrian capitol of damascus. this video believed to show the initial blast followed by flashess from repeated mortar attack. you can clearly hear the sound of gunfire, at least eight people are dead as the civil war there goes on. in israel militants launching a rocket from the west bank, the first attack of its kind in three months, breaking the cease-fire. palestinian militants taking responsibility saying the attack was meant to avenge the death of a palestinian in israeli can you. in egypt a hot air balloon explodes in midair sending 21 people plunging to the ground. at least 19 foreign t
. >>> to the u.s. now where president barack obama has renewed his call on congress to avoid automatic spending cuts scheduled to kick in on march 1st. >> these cuts do not have to happen. congress can turn them off any time with just a little bit of compromise. >> obama urged lawmakers to agree on a provisional measure that combines tax increases mainly on the wealthy and some reductions in government expenditures. but the negotiations between republicans and democrats have made little progress. republicans have rejected the president's call. >> listen, the president says we have to have another tax increase in order to avoid the sequester. well, mr. president, you got your tax increase. it's time to cut spending here in washington. >> the white house warns the automatic spending cuts could curtail activities of u.s. troops deployed worldwide, cause 10,000 teachers to lose their jobs and hinder some patients from receiving medical treatment. the cuts are called sequestration. they were postponed when congress reached a compromise nearly two months ago to avert the so-called fiscal cliff crisis
generation and there are about 45,000 wind turbines in the u.s. right now. but in all the studies that we have covered, all the stories we have covered we haven't come across the story where the outcome could mean town locals may end up with a tax increase in order to cover up to 15 million of costs of removing the wind turbines. this is shocking. they paid to 10 to $15 million in order to install the things to put them up with the idea they would be saving money over time as they ranch as you heard because of the curtailment right now they're operating at a loss. if they get rid of the turbines as the town wants, they will get taxed another $15 million in order to pay for that. joining us for a first-hand account, okay. we're going back to that story in just a moment. let's move onto the sequester cuts for a moment here and how to fix them. president obama was in virginia today, warning of the dire consequences of defense cuts and what they will have on our military and our economy. you heard about all this, in 2012 of course we spent $65 billion on the military. today we're helping to s
their u-s heedquarters..elinda roeder trying to balance gun control and busiiesss &p3advocates for gun control wa limit the tpe of guns allowed in maryland. ann hh weapons politiiians are targeting - are exactly what beretta is &pmakkng at its price george's ccunty headquarters. headquarters. beretta manufacturing plann - employees several hundred ppecialiie in rifles... and american soodier and plenty of police officers.this s their maryland lawmakers want tt ban pome of the ame rifles made here... and somm pissol magaziies.... meaniig the people that mnufacttre thess guns couldn't legally oon them. the goal - maay say - ii to reduceecrime. but somm proposee restrictions actually would.(curt anderson) 10:43::7 "the murder rrte in ballimore been committed wth assault ve attorney tells fox 45 beretta had ppanned to expaad its plaat in prince george's coonny. but thhse laws could another statt liie virginia, wwere tte company has already senatt president mike miiler - who represenns this aree - says tte llw will make room ffr gun manufacturinng.. miller: 11131:13 "welllthhre
fan. if the masters or u.s. open are on, i'm not going to interrupt her. she also loves football and that's appropriate because i've also learned that she is a master of the awbled. in 2008 i was heavily involved in an effort to bring volkswagen's u.s. production facility to chattanooga. just before one of the final meetings in tennessee, a planeful of decision-makers was stuck on the tarmac in germany without clear action to land in the u.s. some kind of paperwork issue. anybody who has been involved in a major recruitment effort knows that in something like this, even a small glitch can be a major setback. the volkswagen folks called me. i talked with ramona. i am not entitled sure what she did but i'm sure it was all legal and above board. at one point she was sitting there jockeying several phone calls on th on the switchboard d talking the plane off the runway in germany. the volkswagen executives landed in the u.s. highly impressed with ramona lessen. shortly thereafter, they chose chattanooga for her u.s. production facility. she was a home run no doubt. i think ramona's g
: this is "the new york times" from february 20th. budget cuts seen as risk to growth in the u.s. economy. the cuts, most likely would reduce growth by 1 1/2 of a percentage point in 2013, according to a range of government and private forecasters. that could be enough though to again slow the arrival of a recovery, producing instead another year of sluggish growth and high unemployment. >> guest: well i guess if you take it from "the new york times" perspective you could make that argument because i think they see already a slowing in growth happening and this makes a convenient fall person for bad public policy been in place under four years of obama administration. we have slowed growth. it has been very stagnant. there are a lot of reasons for it. there are a lot of friction points put in place in our economy that need to be fixed. until we get our confess and the president of the united states to work together and begin to remove those friction points we'll continue have slow growth. if you look at a same slide you had up a moment ago ago, shows the sequester on the right hand of tha
markets, as well. this is where we stand in the u.s. spanish yields higher, 5.31%. interestingly enough, we look ahead to mr. person unanimousky to give treasuries. gilt yield 2.018% is where we stand at the moment. giving support because of the risk off caused by those italian elections. euro/dollar, that's been down to 1.3039. that's the seven-week low, january 10th we hit that. dollar/yen, what a wild day yesterday for dollar/yep. we hit a 33-month high for dollar against the yen, 94.77. then we fell down to 90.85 at the moment. 91.94. aussie/dollar still weak. sterling/dollar, we're spinninged in at this low, 1.5166. selling has bounced back as you might expect against the euro. the italian election yesterday caused gold to spike up to around 1600. just below it at the moment at 1598. brent continues to weaken below 114 and nymex a little weaker at 92.32. that's where we stand in reaction to the after markets here to the italian elections. let's get more reaction on the asian markets with sixuan. >> thank you, ross. asian markets fell sd as the political stalemate in italy was felt
. the concerning dna cases in our area. >> advocates working to protect pregnant women in the area. >> the u.s.nf cost is saying bye to baltimore. the shape's latest -- ship's latest mission and when you can see it off. those stories straight ahead. thanks for joining us, i am megan pringle. >> i am charley crowson. it could be a testy day on this tuesday. what's going on. >> all right. so we are quiet but we are waiting for the rain to move in. so let's me show you what's going on on maryland's most powerful radar. we are dry but back off toward the south, that's where we are seeing that heavy rain now pushing atlanta. all this spreading across tennessee valley and south carolina. look at this pink here. that is little bit of wintery mix that's going to be work its way towards us. the onset we could see sleet mixing with rain but all in all we will be seeing plenty of rain as we go throughout the day. we are talking about flood potential. so with that, we have a flood watch. this means we do have the potential to get flooding so we are talking about one to two inch of rain when it's all said
hunger, and we have a lot of work to do. walmart committed $2 billion to fighting hunger in the u.s. as we work together, we can stamp hunger out. >> and by contributions to your pbs station from viewers like you. thank you. >> with a new pope about to be chosen in rome and the church under severe criticism for its handling of sexual-abuse cases, what is the path forward for the more than 77 million american catholics? a professor of theological ethics at loyola marymount university, raised catholic, dr. gina messina-dysert. deeply engaged in the ongoing debate about the future of catholicism in america. professor, good to have you on this program. >> thank you so much. tavis: let me start with the obvious. many of us, even those of us who are not catholic, this has not happened in 600 years, so it has not happened in our lifetimes, that we have had an ex-pope. >> certainly, this is a significant historical event. this is the first pope to step down in 600 years and one of only 10 in the entire history of the catholic church. people are really curious what this means. will it is rin
's a question by the u.s. supreme court after the 2009 conviction of the maryland man for rape and murder was overturned on constitutional grounds. abc2 news sherrie johnson is here with details and sherrie what did the appeals court say a year ago that got us here today. >> reporter: the maryland dna collection act is a law that allows officials to take the dna from those who have been arrested, but not convicted of a serious crime. so now the question is, is it constitutionol on whether the state says once arrested you lose the privacy right. today the u.s. supreme court will figure that out as the case of alonzo king takes center stagech he was arrested in 2009 on assault charges. police took dna and the sample matched dna collected from the victim and police then linked him to a 2003 rape. king's lawyers moved to suppress the evidence of the dna match saying the initial draw violated his constitutional rights. but the lower court found king guilty of first degree rape and sentenced him to life in prison. last april, the maryland court of appeals ruled against a key provision of the la
: the u.s.-led military coalition in afghanistan reported a drop in taliban attacks last year. they were wrong. according to a coalition spokesman, clerical errors led them to report a 7% drop in taliban attacks from 2011 to 2012 when 201 was exactly the same is a 2011, just as bad. u.s. and ally officials cited a drop in violence when defending the u.s. drawdown inia. now that argument is out the door. here's the news live at the pentagon. are we getting a straight answer how this happened? reporter: well, in essence, someone finally noticed that after reporting to congress last year that attacks by the taliban were down by 7%, a figure derived from month-to-month reports from the field about the number of enemy attacks, in fact u.s. and nato officials didn't include the figures gathered by the afghans themselves, leading to the following statements promenade meteorologist. >> violence levels had been trending downward in the last two years after five years of steady increases, beginning in 2006. reporter: the problem is the attacks weren't trending downward. they were exactly the same
. the medical examiner's office is looking to identify the remains now. >>> a part of the u.s. navy that was based in maryland for more than two decades. it is on its way to its new home mitt. it left pier 11 in baltimore for its last time. it is headed to its new home in norfolk, virginia. the ship provides medical and surgical care for u.s. staff overseas. the ship has traveled everywhere from the persian gulf to haiti and even to new york city after september 11. the navy says moving the ship will save about $2 million a year. >>> hundreds of people gathered at the 9/11 memorial in new york city today to mark a somber anniversary. 20 years ago today, six people were killed and more than a thousand others were injured in the first attack on the world trade center. a truck bomb exploded in the garage below the north tower in third base. created a hole five stories deep. six islamist extremists were later convicted of carrying out the bombing, including the accused mastermind. twin to youers were destroyed eight years later on september 11. >>> still ahead on six circumstances, trag
of congress. >>> and after more than a century, the u.s. census bureau has decided to drop the word negro on its forms and surveys. negro will no longer appear as an option for race, alongside black or african-american. many americans view the word as offensive and outdated. duh. >>> c. everett koop, the nation's most famous and influential surgeon general has died at 96. president reagan appointed koop in 1981. he was instrumental on changing america's views on smoking. he endorsed condoms and sex education to help stop the spread of aids. he was a frequent visitor to dartmouth until his death. >>> pope benedict is leaving it to the cardinals of the catholic church. benedict changed the rules, allowing the cardinals to move up the can clave start date if all of them arrive at the vatican before the 15-day waiting period ends. benedict's resignation takes effect on thursday. >>> prosecutors have asked that manslaughter charges be brought against the costa concordia cruise ship. 32 people, including 2 americans, died in that accident. >>> and coming up after the break, stocks sliding yet a
at the table. can you tell us what the u.s. government doing is in this general area? >> perhaps a lot of people will remember that choicepoint had a type of breach and lexisnexis also did as well as lots of people. >> tell us about --. >> i could list the number of people but the bottom line is these breaches mean that people's personal identifiable information is made public and thieves could use it for predatory purposes. one thing that was not mentioned in the discussion i heard you folks talk about was credit cards. a lot of these credit cards are being -- the information is being sold to someone, he uses it for his own benefit, he or she, and lots of times it could be used for nef fairous purposes which goes to some of the concerns we have with the war on terrorism, a lot of people could take credit cards and use it to buy things -- before you stop it. now, near congress, we have a bill that passed out of my subcommittee called -- it's h.r. 4127, it's called the data accountability and trust act. i don't think most americans realize this but right now there's only a few states th
shipyard tomorrow to highlight again how the cuts could harm the u.s. military and civilian defense workers. >> woodruff: to help us better understand the underlying political strategy being used at the white house and on capitol hill, we turn to two journalists closely following the developments. jonathan weisman of the "new york times" covers congress, and margaret talev covers the white house for bloomberg news. we welcome you both to the newshour. margaret, to you first. for days the white house has been raising the specter of terrible things that are going to happen. slowing air travel, people being laid off their jobs. furl owes. border security. problems. now that they see e republicans aren't moving, what do they think about this approach? >> they think it's a very good political approach. they will continue to use it right up until march 1. the white house has been prepared for march 1 to come and go and nothing to happen in the sequester to take effect. a part of what they're doing is a campaign to pressure republicans to get them to act but they're campaigning to position themse
of a mess is italy. what does it mean for europe and the u.s.? a shift in u.s. energy policy. we were trying to lessen middle eastern imports but something just changed. we'll be back to tackle those topics when "power lunch" returns in 2:00. [ male announcer ] any technology not moving forward is moving backward. [ engine turns over, tires squeal ] and you'll find advanced safety technology like an available heads-up display on the 2013 lexus gs. there's no going back. >>> major snowstorm slamming into the middle west this. video comes from kansas city. they were hit very hard there just a week or so after another storm walloped them. tens of thousands of people lost power in that area. in some parts of the middle west measuring sticks show three feet of snow has fallen. sue, in this digital age we still use measuring sticks. >> it's amazing, isn't it, ty? they have had a lot of snow. it's going to take a while to dig out of that. >>> meantime italian business leaders are in shock at the election results which could cause a political stalemate which in terms could affect much needed economi
to just under 2%. a flight to safety. snap up u.s. government debt. all eyes on ben bernanke, speaking of interest rates. a semiannual testimony in front of the senate banking committee tomorrow joining me now, alec for the markets and the economy. seniorconomist.@ great to see you again. before we get all of that, i know you were a speaker at the big governors confab this weekend, and sequestration was also a huge topic of conversation. we know what the president releasing a state-by-state impact of the sequestration, he's trying to get the governors on board with his fight to promote his cause. how the governors feel about that? was your impression participating in the conference this weekend? >> everyone is concerned, and the way that i lay it out, we really don't know. i mean, you think it is much ado about nothing or another moment. and you would think that it is -- $44 billion, they say it's 85, but that's actually budget authority. and you would think in that three and a half trillion dollar budget that we could do that without bringing about armageddon. i mean it just seems --
just want to know she's okay. >> reporter: and two weeks ago, the u.s. embassy in lima, where the couple was last seen, issued a security warning for americans, saying that a criminal organization may be planning to kidnap u.s. citizens. >>> wall street bounces back a little today. [ stock bells ringing ] >> the markets were not able to wipe out monday's losses. the dow was up 16. s&p up 9. nasdaq up 13. >>> let's go to new york, where alexis christoforous has tonight's cbs money watch update. >> reporter: jp morgan chase is cutting 4,000 jobs or about 1 1/2% of its work force. that's on top of the 1200 jobs the bank shed last year. the cuts will mostly in from the consumer banking and mortgages division. jp morgan is just the latest to shrink its staff. goldman sachs and others all trimmed jobs in 2012. better than expected earnings in home depot and macy's, helped stocks bounce back from their biggest sell-off in months. the fed's low-interest policies are giving support to an economy suffering with high unemployment. bernanke also war
, measure what that means for us. what does that mean? >> i think the good news here is that the u.s. economy is actually growing at probably about a 2% rate. so if the full sequester goes in and stays in place for the full year between now and the end of the year, then it's essentially what mr. bernanke is saying growth will be 1.5% instead of 2%. i doubt very much that's the way it's going to pan out. eventually some kind of compromise will be worked out. but again the good news is that the u.s. consumers, u.s. businesses, are beginning to spend, are beginning to hire in the case of businesses, and that momentum seems to actually be picking up a little bit. so even in the worst case scenario we're not talking a recession. we're talking slower growth which isn't good... >> ifill: not good at a time when you're recovering. so when people look at this debate that's going on now, how do we look at it? do we look at it long-term, short term? do we look at the reality or the possibility? what is the greatest, most damaging part of this? >> well, i think the damaging part of it is, you kn
cybersecurity information sharing you write, it is policy of the u.s. government to increase the volume timeliness and quality of cyberthreat information shared with u.s. private sector entities. our u.s. private sector entities required to share more information with the government as well? >> guest: under the executive order the president can only direct executive branch agencies to take action. so under the executive order the only entities that are directed to increase their sharing her on the federal side. we would like to see companies be able to share more information with the federal government and we are working to encourage them to do so and are working through ways to have that happen. i think that's one of the areas that we think we need legislation and to eventually deal with some of the issues that are in that space, to enable more integration to flow back into the private sector into the government in a way that protects privacy and civil liberties. that's very important to the administration's. but we do need to increase that information flow. >> host: throughout the exe
. germany, close to 2% off and france over 2% and the ftse down materially. u.s. stocks to drop yesterday's session on that uncertainty in europe. stocks steadily declined throughout the day. and accelerated losses during the final hour. the dow and the s&p tuning in their worst days of the year. major asian markets also trading lower. exporters exposure to europe, they were hit particularly hard, as you'd expect. and u.s. equity futures at this hour, we have green arrows and things might turn themselves around today. fed chairman ben bernanke is going to be heading to capitol hill this morning for day one of his hemp free hawkins testimony. he's expected to defend the central bank's bond buying and likely one that automatic spending cuts pose risk. cnbc is going to have complete coverage all day. and our guest host this hour is ready to tackle all of these issues. >> this yesterday was -- thanks. we saw yesterday and you know he's not becky. you did say here with becky. he was sitting right there. he looks nothing like her. >> every morning when you say the same thing -- >> i know. andre
and two members of congress. >>> and after more than a century, the u.s. census bureau has decided to drop the word negro on its forms and surveys. starting next year, negro will no longer appear as an option for race, alongside black or african-american. the agency says many americans view the word as offensive and outdated. duh. >>> c. everett koop, the nation's most famous and influential surgeon general, has died at 96. president reagan appointed koop back in 1981. he was instrumental on changing america's views on smoking, trying to get the entire country to kick the habit. he also endorsed condoms and sex education to help stop the spread of aids. he was a frequent visitor to dartmouth until shortly before his death. they say his mind was as sharp as ever, even at the age of 96. >>> pope benedict is leaving it up to the cardinals of the catholic church when it comes to starting the meeting that will choose his successor. benedict changed the rules, allowing the cardinals to move up the conclave start date if all of them arrive at the vatican before the usual 15-day waiting period end
. >>> hello. i am frank somerville. >> and i am julie haener. the u.s. navy joined the search for a man, woman and two children still missing at sea tonight. developing news. ktvu's jade hernandez is live where she has been with officials monitoring the search all day. jade? >> reporter: this has been a long and difficult search for the first time today as we heard earlier we heard part of the distress call from one of the family members and the coast guard is hoping someone recognizes the voice because they don't know who the family is or where they came from. >> coast guard, coast guard, we are abandoning ship. >> reporter: joining us live, petty officer, you have been with us, talk to us about the information you were able to get from that family member. >> that's right, the radio transmission was weak and broken. so we had to piece together what we could. there were a husband, wife and two young children under 8. one of them was the sun of the operator -- son of the operator and the other was the cousin. >> reporter: initially you thought they were 65 miles off. >> we are searching towards
was prompted by the u.s.-u.k. who promised more aid. the coalition previously refused to attend in protest for what it called a world silence over the conflict. the syrian government would not be in wrong but it did say on monday it would negotiate with any group, including armed rebels. the u.s. secretary of state is now in germany on the latest leg of his first international tour. syria is likely to be high on the agenda. john kerry is due to meet with german chancellor angela merkel and later russian foreign master sergei lavrov. sergei lavrov earlier criticized the opposition in syria for refusing to talk to the government. >> we have noticed the need to influence both of the government and, first of all, the opposition to persuade them to not come up with unrealistic request and preconditions with the start of dialogue. it seems extreme is to bet on the military solution to syria -- syria's problems have up till now dominated the ranks of the opposition, including the so- called syrian national coalition get it, six world powers are expected to offer iran new incentives to give up its
in the u.s., there is a dose of economic tug-of-war. right now, the two political parties are deadlocked over how cuts knowne spending as the sequester that will go into effect on friday. today, president obama was in newport news, va. stressing his case. here is the report. >> along virginia coastline, it seems almost everyone works for the military in one way or another and with a sense of dread about the future. all the ships come to this yard to be refitted and repaired. but the navy has worn them that the looming cuts mean work will be cancelled on 13 ships. three --ny has told 3500 workers they could be laid off. it is a story that could be repeated all over america. >> it could affect a lot of people. not just shipyard people. wohlschlegel down to everybody. the uniformed people -- it will trickle down to everybody. the uniformed people. the diners down the street. it could put this country in the worst depression since the '20s. >> it takes a lot to>> it couldf scare the military, but they seem rattled by the proposed cuts. congress designed these cuts to be so brittle that they
future of the country. the results in the u.s., a 200 point drop in the dow, the biggest since november. let's look at the markets as we get up in your business. carolyn roth is live for us in london. why is the outlook so cloudy? why are the markets reacting so harshly? >> good morning, bill. none of the parties has a clear majority. they have come out and said look, we don't want to form a grand coalition. some market participants are saying we could be heading into a new round of elections. the markets will be in limbo for a couple weeks. as you pointed out, a big sell off in the u.s. was quite a volatile session. at one point, the dow jones was 100 points away from the all-time high. then the markets realized the election results would be inconclusive selling off 100 points in the last 50 minutes of trade. that was the biggest drop since november for the dow and s&p. we have the great volatility of the vix index. it shows how nervous the markets are. that index jumping by 34% in yesterday's trading session. this is the biggest jump since august, 2011. we are seeing stocks selling of
the road. speaking of delays, it could create big ones at the airport. that according to the u.s. travel association. some republicans argue, that's all exaggerated. let's have our own bruce leshan sort it all out. >> nearly 2/3 of us already think flying is too much of a hassle. the u.s. travel association says the sequester is likely to smack us with even more headaches. >> completely unacceptable. we have to get it together. >> they are saying we can't prosecute them for a job not well done. >> travel experts say if the sequestered cuts go through, you could just see a sea of red on these airport messaging boards. delay, delay, delay. it could take you an hour to get through the tsa check points, two to three hours if you have to get through customs. >> is there any hope you'll solve this by friday? >> there's hope, there's optimism. people who say we can't do it. >> the transportation secretary says $689 million in faa cuts will force him to furlough employees, including air traffic controllers and safety inspectors. tsa workers will face seven days of furloughs. the travel as
england journal of medicine. >> word that the u.s. is ready to join other nations to try to cut a deal with the iranians as the new secretary of state john kerry makes his first trip overseas. what the west will reportedly offer and what iran has to do with the nuclear program in a live report coming up next. plus, would you look at this -- a car flies straight through the roof of a house. coming up, how the driver got away without a scratch. a homeless man returned a diamond ring to its owner. now, the internet is returning canning like new? you ask a ford customer. when they tell you that you need your oil changed you got to bring it in. if your tires need to be rotated, you have to get that done as well. jackie, tell me why somebody should bring they're car here to the ford dealership for service instead of any one of those other places out there. they are going to take care of my car because this is where it came from. price is right no problem, they make you feel like you're a family. get a synthetic blend oil change, tire rotation and much more, $29.95 after $10.00 rebate. if you
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